New Investments
Mtor Secures $2.8 Million Pre-Seed Funding to Revolutionize Egypt's Automotive Aftermarket Industry
Founded just a year ago, Mtor boasts a team with extensive expertise in tech, automotive, and logistics.
The current automotive aftermarket in Egypt suffers from a fragmented and inefficient supply chain.
The latest funding will be used to enhance Mtor’s product offerings, digitize local car workshops, and eliminate major inefficiencies in Egypt’s and the region’s automotive spare parts supply chain.
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Cartona, one of the leading B2B e-commerce platforms in Egypt, has successfully raised an additional $8.1 million in a Series A extension round, bringing the total Series A funding to $20.1 million.
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